Forum Iris & Bulbes

Gambling is basically the wagering of something of value or money in an uncertain event with a equally uncertain result, with the major intention of winning either cash or product. Gambling therefore needs three components for it to exist: risk, consideration, and a reward. The first one refers to the uncertainty of the outcome and also the importance one gives for this; the second refers to the comparative likelihood of this occurrence of this event and also the relevance of the one's activities; while the third component, the prize, refers to the financial reimbursement one receives after winning. In gambling, what matters most is that you wins, while what things least is if one wins or loses. In gaming, there is no such thing as pure win-loss ratio but instead a proportion of all wins to all losses.